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UK Mortgage Calculator

Calculate your UK mortgage payments, compare loan options, and determine what you can afford in the United Kingdom

Loan Details
Enter your mortgage information to get accurate calculations

£300,000

20.0% of home price (£60,000)

Additional Costs
Monthly expenses beyond mortgage

£3,000

£1,200

Required if down payment < 20% (£0)

£0

Extra Payments
Pay off your mortgage faster

Monthly Payment

£1,517

Principal & Interest

Total Monthly

£1,867

Including all costs

Total Interest

£306,107

Over life of loan

Total Cost

£546,107

Principal + Interest

Payment Breakdown

Total Cost

£546,107
Over 30 years

Principal

£240,000
43.9% of total

Interest

£306,107
56.1% of total

Payment Breakdown

Principal43.9%
£240,000
Interest56.1%
£306,107
Interest vs Principal Ratio
You'll pay 56% in interest
That's £66,107 more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
1£1,517£217£1,300£239,783
1£1,517£230£1,287£237,317
2£1,517£246£1,271£234,455
3£1,517£262£1,255£231,401
4£1,517£280£1,237£228,143
5£1,517£298£1,219£224,666
6£1,517£318£1,199£220,957
7£1,517£340£1,177£216,999
8£1,517£362£1,155£212,776
9£1,517£387£1,130£208,270
10£1,517£413£1,104£203,463
11£1,517£440£1,077£198,333
12£1,517£470£1,047£192,860
13£1,517£501£1,016£187,021
14£1,517£535£982£180,790
15£1,517£571£946£174,142
16£1,517£609£908£167,049
17£1,517£650£867£159,481
18£1,517£693£824£151,405
19£1,517£740£777£142,790
20£1,517£789£728£133,597
21£1,517£842£675£123,788
22£1,517£898£619£113,323
23£1,517£958£559£102,156
24£1,517£1,023£494£90,242
25£1,517£1,091£426£77,530
26£1,517£1,164£353£63,967
27£1,517£1,242£275£49,495
28£1,517£1,325£192£34,054
29£1,517£1,414£103£17,579
30£1,517£1,509£8£0

UK Mortgage Calculator Guide

Our comprehensive UK mortgage calculator is designed specifically for the British housing market. Whether you're buying your first home in London, Manchester, Birmingham, or anywhere across the UK, our calculator accounts for UK-specific factors like stamp duty, council tax, and Help to Buy schemes.

UK Mortgage Features

Help to Buy Scheme:Calculate Help to Buy equity loans with 5% deposit for first-time buyers.
Shared Ownership:Calculate shared ownership mortgages with reduced deposit requirements.
Fixed & Variable Rates:Support for 2, 3, 5, and 10-year fixed rates plus tracker mortgages.
Stamp Duty Calculator:Automatic stamp duty calculations including first-time buyer relief.
Council Tax Integration:Council tax calculations by local authority bands.
Lifetime ISA Support:Include Lifetime ISA bonuses in deposit calculations.

UK Mortgage Market Overview

The UK mortgage market offers various loan types including fixed-rate, variable-rate, and tracker mortgages. Current mortgage rates average around 4.8% for two-year fixed deals, with some lenders offering rates below 4%. Our calculator helps you understand the true cost of homeownership including stamp duty, council tax, and insurance to make informed decisions about your home purchase across England, Scotland, Wales, and Northern Ireland.